Alaska Const. art. 62, § 5

Alaska Constitution

Article 62, § 5 — Special Tax Constitutes Special Fund -- Disbursement of Surplus

This text of Alaska Const. art. 62, § 5 (Special Tax Constitutes Special Fund -- Disbursement of Surplus) is published on Counsel Stack Legal Research, covering Alaska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Section§ 5

CitationAlaska Const. art. 62, § 5

Bluebook

Alaska Const. art. 62, § 5.

Full Text

The special tax for payment of bonded indebtedness authorized in Sections 1 and 2 hereof shall constitute a special fund pledged as security for the payment of such indebtedness. The special tax shall never be extended for any other purpose, nor collected for any greater length of time than necessary to retire such bonded indebtedness. Upon retirement of the bonded indebtedness, any surplus tax collections which may have accumulated shall be transferred to the general funds of the municipality or county.

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The special tax for payment of bonded indebtedness authorized in Sections 1 and 2 hereof shall constitute a special fund pledged as security for the payment of such indebtedness. The special tax shall never be extended for any other purpose, nor collected for any greater length of time than necessary to retire such bonded indebtedness. Upon retirement of the bonded indebtedness, any surplus tax collections which may have accumulated shall be transferred to the general funds of the municipality or county.

History

Effective: 2016-11-08; As amended by Amendment #97

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Bluebook (online)

Alaska Const. art. 62, § 5, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ak/62/5.